Major developments:

RBI is expected to cut rates on June 6 th. Though markets expect 25 bps cut, RBI could even cut rates by 50 bps 

and inject further liquidity. 10 Year yield inched higher to 7% and USDINR fwds premia has also climbed to 4.04%.

-USDINR is at 69.20. Y’day’s close was 69.26.

-Indian Equity indices decline marginally.

-Indian 10 year G-SEC yield is at 7.00%.

-USDINR 1 yr fwd premia is at 4.04%.

USDINR @ 69.20, EUR/USD 1.1254, GBP/USD @ 1.2671, USD/JPY @ 107.91, EUR/INR @ 77.87, GBP/INR @ 87.68, 

JPY/INR @ 64.12.

Gold@1324, WTI Crude @ 53.24, Nifty @ 12038 (-50), 10 Year G-SEC @ 7.